What are the basic manpower & infrastructural requirements to start a Consultancy services company?

Basic manpower & infrastructural requirements to start a Consultancy services company

According to me as per hierarchy;

• Any company to maintain its infrastructure or manpower requires revenue (which can only be built on a step-by-step fashion either using organic or inorganic growth strategies).
• Once the revenue starts flowing, the company has to ensure that company operations are sustainable, which means that the total outgoing (costs) are less than the total incoming (revenues). In fact this should be an ongoing process (always).
• Once the operations are sustainable, it is most important to have (even before a lean management team) an able manpower (includes marketing, sales, administration, accounts, finance, IT, HR etc.). These can be a single person or a team of individuals with parity in responsibility and authority. In the beginning when all operations are to the minimal, all these can be outsourced or fulfilled with part-time but "efficient" staff.
• The most important infrastructure of a consultancy is the ability to source the right talents at required time periods, to think different and innovate. This is of utmost importance because your clients value what you have to offer in terms of unique, innovative conceptualization and execution rather than high-rise offices, smart-dressed staff with modern gadgets and most modern management acronyms. Although the latter can never outdo the former; but both are ideal to have as good resources.

 

1stly a specialist must segment his service portfolio into special service s and daily bread services whichaybe delegated after the teething stage( since there is no better risk mitigation than regular cash flow and no matter how motivating your potential client list is, there are no guarantees and stretched timelines will hurt). Secondly, a well planned strategy for the open market I.e. launch (online and offline collateral), sustainability and scalability. Thirdly, the actual action plan, one must have the right documents, right people with right alternates and backups( even for yourself , because money don't guarantee timely delivery), and a good list if clients that give repeat business with the specific work contracts ( no scope for ambiguity ).

(1) Expertise (in your field - the field of consultancy)

(2) Vast database : right market (target audience)

(3) Website

(4) Trade license : Business Name

(5) Pricing structure